IETA signs partnership agreement with Global Climate Finance Centre to help develop carbon markets

ABU DHABI – (January 16) IETA and the Global Climate Finance Centre signed a Memorandum of Understanding to collaborate on raising climate ambition and promoting the development of market mechanisms in the Middle East and North Africa region.

The Global Climate Finance Centre (GCFC), based in Abu Dhabi, has been created as a legacy initiative of the United Arab Emirates’ COP28 Presidency to support the scaling-up of climate finance. 

GCFC’s mandate is to catalyse climate investments, foster innovation, convene stakeholders, and provide capacity building and cutting-edge market intelligence on climate finance. IETA promotes the development of efficient, ambitious carbon pricing systems in order to achieve the Paris Agreement goals.


The MoU was signed ahead of this week’s IETA MENA Carbon Market Dialogue, at which IETA staff and regional stakeholders were to discuss the international carbon pricing landscape, emerging carbon market trends in MENA and key regulatory developments shaping the sector.

“Now that the work on finalising Article 6 guidance is largely complete after last year’s UNFCCC COP, the focus is increasingly turning to countries and regions where the work of decarbonisation will take place,” said Dirk Forrister, CEO of IETA.

“IETA is delighted and proud to be setting out on a strategic alliance with GCFC with the goal of supporting and enhancing the development of market and finance mechanisms to speed the energy transition. The Middle East is a key region for future carbon markets and we are determined to help drive growth and awareness.”